Dollar holds ahead of Fed minutes

US dollar stabilized against a basket of currencies today ahead of the release of the Federal Reserve meeting minutes.

Trump said "he is doing great with China and other trade deals," while expressing optimism about reaching good deals with the UK and the EU.

Trump also said that the US stock market could have been higher if it wasn't for the trade war with China.

The US Congressional Budget Office estimates that the government budget deficit will rise to $960 billion this fiscal year.

Investors are anticipation today the release of the US Fed meeting minutes to determine what happened during discussions that led to a US interest rate cut for the first time since 10 years.

By 17:18 GMT, dollar index stabilized against a basket of major currencies at 98.1 points, with an intraday high of 98.1 and a low of 98.01.